SBC Exports Ltd

SBC Exports Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

SBC Exports Ltd

₹ 21.0 1.20%
26 May - close price
sbcexportslimited.com BSE: 542725 NSE : SBC
About

SBC Exports Ltd was incorporated in 2011. It is engaged in the Trading and Manufacturing of Garments, Manpower Supply Services & Tour Operator Services. Currently, co. has 70 distributors in India, receives an average of 75 new projects every year. Mr Govindji Gupta is the MD of the co. [1] [2] [3]

Key Points

Journey
SBC Exports Limited was incorporated by Dheerendra Kumar Gupta. Initially, the company was engaged in the trading of handmade carpets, cushion covers, cotton quilts, and bedspreads in Mirzapur. In 2015, SBC started its hosiery fabrics & hosiery garments trading in Mirzapur and soon started its own manufacturing units in August 2017. In 2016 the co. entered into the business of IT and manpower supply services. In 2018, the company started its business operations in the area of tour and travel services[1]

Business Offerings
IT Services & Manpower Supply(65%): Co. provides e-Governance Project, Security & Surveillance Projects, System Integration, and Manpower support (IT and Non-IT) for Speedy Implementation and Rollout of Projects (MMPs)[2]

Website BSE NSE
  • Market Cap ₹ 444 Cr.
  • Current Price ₹ 21.0
  • High / Low ₹ 23.8 / 4.65
  • Stock P/E 65.4
  • Book Value ₹ 1.65
  • Dividend Yield 0.00 %
  • ROCE 32.5 %
  • ROE 22.2 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 51.6% CAGR over last 5 years
  • Company's median sales growth is 35.6% of last 10 years

Cons

  • Stock is trading at 12.7 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 84.8 to 108 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
26.76 50.88 8.11 52.02 56.10 51.92 40.18 35.27 47.74 64.87
25.86 49.12 8.79 49.41 52.48 49.88 37.86 33.14 44.62 62.02
Operating Profit 0.90 1.76 -0.68 2.61 3.62 2.04 2.32 2.13 3.12 2.85
OPM % 3.36% 3.46% -8.38% 5.02% 6.45% 3.93% 5.77% 6.04% 6.54% 4.39%
0.00 0.11 0.30 0.00 0.01 0.04 0.51 0.05 0.14 1.38
Interest 0.38 0.41 0.31 0.36 0.44 0.51 0.30 0.57 0.62 0.78
Depreciation 0.19 0.20 0.19 0.19 0.13 0.20 0.20 0.03 0.31 0.86
Profit before tax 0.33 1.26 -0.88 2.06 3.06 1.37 2.33 1.58 2.33 2.59
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Profit 0.33 1.26 -0.88 2.06 3.05 1.37 2.34 1.58 2.33 2.59
EPS in Rs 0.02 0.06 -0.04 0.10 0.14 0.06 0.11 0.07 0.11 0.12
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2 2 10 16 21 29 64 80 109 192 205 188
2 2 10 16 21 28 62 77 105 188 197 178
Operating Profit 0 0 0 0 0 1 2 3 4 4 8 10
OPM % 1% 1% 1% 0% 1% 2% 2% 3% 4% 2% 4% 6%
0 0 0 0 0 0 0 0 0 0 0 2
Interest 0 0 0 0 0 0 0 1 1 2 2 2
Depreciation 0 0 0 0 0 0 0 0 1 1 1 1
Profit before tax 0 0 0 0 0 1 1 2 2 3 6 9
Tax % 0% 0% 33% 33% 30% 35% 33% 27% 34% 28% 39% 26%
Net Profit 0 0 0 0 0 0 1 1 1 2 3 7
EPS in Rs 0.05 0.10 0.10 0.20 0.35 1.65 4.25 0.09 0.06 0.09 0.16 0.32
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 56%
5 Years: 24%
3 Years: 20%
TTM: -8%
Compounded Profit Growth
10 Years: 79%
5 Years: 52%
3 Years: 73%
TTM: 98%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 156%
1 Year: 300%
Return on Equity
10 Years: 16%
5 Years: 15%
3 Years: 16%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 0 0 0 0 0 0 8 11 11 21 21
Reserves 0 0 0 0 0 0 1 5 10 12 5 14
0 0 0 0 0 1 3 13 7 9 9 0
0 1 1 6 4 8 15 14 25 45 61 80
Total Liabilities 1 1 1 6 5 9 19 40 53 76 97 115
0 0 0 0 0 0 1 3 4 4 6 8
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 0 3 0
1 1 1 6 4 9 18 37 48 71 88 107
Total Assets 1 1 1 6 5 9 19 40 53 76 97 115

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 0 0 0 1 0 0 -18 4 -2 5
0 0 0 0 -0 -0 -1 -3 -2 -1 -4
0 0 0 0 0 0 1 21 -0 2 0
Net Cash Flow 0 0 0 0 0 0 1 0 2 -1 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 59 56 16 114 44 51 42 82 74 57 89 108
Inventory Days 39 119 23 11 26 46 46 41 41 62 50 69
Days Payable 82 185 29 133 66 100 85 66 86 74 75 78
Cash Conversion Cycle 16 -10 10 -8 3 -3 3 57 29 46 64 99
Working Capital Days 19 -5 12 2 -3 1 10 98 65 45 41 46
ROCE % 10% 17% 15% 19% 33% 58% 56% 17% 12% 14% 22% 32%

Shareholding Pattern

Numbers in percentages

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
66.73 67.01 67.87 68.43 68.09 68.06 68.26 65.22 65.22 65.50 65.78 65.81
33.27 32.99 32.13 31.57 31.91 31.94 31.74 34.78 34.78 34.50 34.24 34.19

Documents

Announcements

Annual reports

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